Rohm (OTCMKTS:ROHCY) Shares Gap Up - Here's Why

Key Points

• Rohm's stock price gapped up from $14.07 to $14.74 at market opening, reflecting a 4.7% increase.
• The company reported a revenue of $804.37 million for the quarter, with an earnings per share (EPS) of $0.05.
• Rohm has a market cap of $5.95 billion and maintains a debt-to-equity ratio of 0.34, indicating a relatively low level of debt.

Rohm Co. (OTCMKTS:ROHCY - Get Free Report)'s share price gapped up before the market opened on Tuesday . The stock had previously closed at $14.07, but opened at $14.74. Rohm shares last traded at $14.74, with a volume of 1,013 shares trading hands.

Rohm Stock Performance

The firm has a market capitalization of $5.82 billion, a price-to-earnings ratio of -16.96 and a beta of 1.00. The company has a debt-to-equity ratio of 0.34, a quick ratio of 1.63 and a current ratio of 2.56. The firm's 50-day moving average price is $12.98 and its two-hundred day moving average price is $10.93.

Rohm (OTCMKTS:ROHCY - Get Free Report) last released its quarterly earnings results on Monday, August 4th. The technology company reported $0.05 EPS for the quarter. The firm had revenue of $804.37 million for the quarter. Rohm had a negative net margin of 11.07% and a negative return on equity of 2.51%.

About Rohm

ROHM Co, Ltd. manufactures and sells electronic components worldwide. The company operates through three segments: LSI, Semiconductor Devices, and Modules. It provides ICs comprising memory, amplifiers and linear, power management, motor/actuator drivers, resistors, clocks and timers, switches and multiplexers, logic, data converters, sensors and MEMS, display drivers, interfaces, wireless LSIs, audio and video products, speech synthesis LSI, and microcontrollers.